Petition against crypto tax in Korea gathers 50,000 signatures

• —The petition to delay the crypto tax by two years passed the 50,000-signature threshold
• —Lee Hyung-il: the tax should be introduced from 2027 on the principle that income is taxable
• —The rate will be 20% after a 2.5 million won deduction, or 22% including local tax
• —DAXA points to the lack of infrastructure for calculating acquisition cost and reporting